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How to Buy Velas (VLX)

A Step-by-Step-Guide on how to buy Velas (VLX)

Step 1 – Signup to CEX.io

You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and getting your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Velas (VLX) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Velas (VLX)

Once your deposit has been verified, you'll now have access to your assets and you can launch purchasing and trading. To purchase Velas (VLX) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Velas (VLX), you'll need to put the shortname of the coin (VLX) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “VLX/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Velas (VLX)
Step 4 – Buying Velas (VLX)

Once you have found Velas (VLX), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order.

The ”Price” field will be filled with the most latest valuation Velas (VLX) was sold for. This can be changed to your desired rate. The ”Amount” field is the volumen of VLX you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of VLX.

If you are glad, click on “Buy VLX”. Your order will be filled when a Seller sells their VLX for the price you gave.

Step 5 – Withdraw Velas (VLX)

Unless you're trading, never keep your crypto on an Crypto Trader for an extended time period. In order to take off your Velas (VLX), go to the ”Funds” tab and click on “Withdraw”. Velas (VLX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Velas (VLX) by using the provided drop-down box. Put into the quantity of Velas (VLX) you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Kudos! You've successfully bought and safed Velas (VLX).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Velas (VLX) is safe within your wallet, you are done.

Some other Guides on How to buy different Altcoins

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How to Buy Altcoins